020 8859 1700 Book a Demo

The Tenancy Deposit Scheme

The Tenancy Deposit Scheme

Tenancy Deposit Scheme

A tenancy deposit is a sum of money which a landlord requires a tenant to pay at the start of the tenancy or which the landlord holds over from a previous tenancy with the same tenant. The money is security in case the tenant does not meet their obligations in connection with the tenancy.

The Housing Act 2004 requires landlords and letting agents in England & Wales, to protect deposits on assured shorthold tenancies in a government approved scheme.

The online Tenancy Deposit Scheme (TDS) is one such organisation operated by The Dispute Service Ltd and is the only not for profit scheme currently available, providing insurance backed tenancy deposit protection.

TDS also provide a dispute service so, If there is disagreement over how the deposit is divided at the end of the tenancy, a dispute can be raised with the scheme and an impartial adjudicator will decide how the deposit should be divided based on the evidence provided. There is no charge for this service and disputes can be brought by the tenant, the landlord or the letting agent, making TDS a service for all.

Here are a few examples of the disputes they have handled:

Cleaning issues:

Damage & Redecoration:

Rent, Bills & Fees:

Tenancy Agreement Clauses:

  • The delicate issue of death & Children and wooden floors do not mix.

TDS runs in partnership with The Royal Institution of Chartered Surveyors, The Association of Residential Letting Agents, The National Association of Estate Agents & The Residential Landlords Association.

PCHomes Letting Agent Software, offers a full property management system assisting you to keep compliant with the law. The software will allow you to record deposits taken, which scheme they are part of including any reference information. Deposits can be taken in parts or as one and they can also be refunded whole or in parts or with deductions.

Let us help you manage your property portfolio with our award winning software and website design and speak to a member of our team today on: 020 8859 1700 (Option 1) or enquiries@estatesit.com

Deb Roberts

Written by Deb Roberts

Source Estates IT Ltd

Other Related News: Business

Estate Agent Today

Your Chance To Question Alex Chesterman, Founder Of Zoopla

Estate Agent Today and Letting Agent Today offer a chance for you to put a question to chief executive and Zoopla founder Alex Chesterman

Deb Roberts


Written by Deb Roberts
Source Estates IT Ltd

Read more
Google Inc.

Google Shakes Up Company Structure!

Alphabet Inc will be a holding company containing subsidaries separating Google's core web advertising business from other ventures

Deb Roberts


Written by Deb Roberts
Source Estates IT Ltd

Read more
easyProperty.com

easyProperty Launches Residential Sales Ahead Of Schedule

To add to its lettings service, easyproperty has launched its residential sales service

Deb Roberts


Written by Deb Roberts
Source Estates IT Ltd

Read more
Yopa.co.uk

Here We Go Again, As Another New Online Estate Agent Enters The Market!

It seems like every week another online estate agent pops up on the World Wide Web to tempt house hunters away from the traditional High Street Branches. This time it's Yopa

Deb Roberts


Written by Deb Roberts
Source Estates IT Ltd

Read more
Moovrs

New Mobile App Launched Today For Property Seekers!

Designed for the IPhone, Moovrs the new free app launches today powered by Zoopla,

Deb Roberts


Written by Deb Roberts
Source Estates IT Ltd

Read more